Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Validity of search and seizure u/s 132 - The Bombay High Court quashed the search and seizure actions conducted by the Income Tax Department u/s 132 of the Income Tax Act, 1961. The court found that the authorization for the search was based on unverified and irrelevant information, failing to meet the statutory requirements. Procedural safeguards outlined in section 132 were not observed, rendering the search illegal. The court emphasized the importance of adhering to procedural requirements to ensure the legitimacy of such invasive actions. Despite invalidating the search, the court allowed the revenue to use any information obtained during the search in subsequent proceedings.
Validity of search and seizure u/s 132 - The Bombay High Court quashed the search and seizure actions conducted by the Income Tax Department u/s 132 of the Income Tax Act, 1961. The court found that the authorization for the search was based on unverified and irrelevant information, failing to meet the statutory requirements. Procedural safeguards outlined in section 132 were not observed, rendering the search illegal. The court emphasized the importance of adhering to procedural requirements to ensure the legitimacy of such invasive actions. Despite invalidating the search, the court allowed the revenue to use any information obtained during the search in subsequent proceedings.
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TaxTMI 
TaxTMI 
